The global export of steam and vapor turbines except marine propulsion is led by Germany, Russia, and Japan, with Germany securing the highest exports. Notable trends from 2023 indicate Germany's exports have decreased by 6.1%, and Japan saw a steep decline of 15%. In contrast, the Czech Republic and South Korea experienced significant growth of 11.33% and 8.35%, respectively. The United States faced a large decrease of 27.47%. Emerging economies like South Africa showed a remarkable increase of 58.71%, highlighting a diversification in the market.
Future trends to watch include the growing role of emerging markets as seen in South Africa and the potential stabilization of established markets such as Germany. Technological advancements and the global push toward sustainable energy solutions are likely to drive innovation and influence the export dynamics of steam and vapor turbines in the coming years.
Top countries in Export of Steam and Vapour Turbines Except Marine Propulsion by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 151,600,000 | 2023 | -5.3% | -6.1% | View data |
| 2 | 2 Russia | 145,910,000 | 2023 | +5.69% | +0.77% | View data |
| 3 | 3 Japan | 135,920,000 | 2023 | -12.83% | -15% | View data |
| 4 | 4 China | 117,970,000 | 2023 | -2.53% | -3.82% | View data |
| 5 | 5 India | 109,640,000 | 2023 | +4.88% | +4.43% | View data |
| 6 | 6 Czech Republic | 100,340,000 | 2023 | +3.33% | +11.33% | View data |
| 7 | 7 Brazil | 53,812,000 | 2023 | +1.73% | +1.14% | View data |
| 8 | 8 Spain | 24,908,000 | 2023 | +5.99% | +0.33% | View data |
| 9 | 9 Belgium | 21,868,000 | 2023 | +1.85% | -1.92% | View data |
| 10 | 10 France | 17,537,000 | 2023 | -6.66% | -2.24% | View data |
